A soccer team made $575.75 from selling popcorn at a concession stand during a tournament. The popcorn cost the team $65.00. What is the amount of money earned for each player if the money is divided equally among the 15 players? Round to the nearest cent.
$34.05
$42.72
$7,661.25
$9,611.25
Answers
Divide this by 15 players, we get profit of $34.05 per player.
Given:
Total earnings of the soccer team=$575.75
The cost of the team= $65.00
To find:
The amount of money earned for each player if the money is divided equally among the 15 players
Solution:
The amount of money earned for each player if the money is divided equally among the 15 players is $34.05.
We can find the amount by following the given process-
We know that the amount of money distributed among the team members is the value of earnings after cost.
The total earnings of the soccer team=$575.75
The cost of popcorn= $65.00
The amount distributed among team members=Total earnings - the cost of popcorn
=575.75-65
=$510.75
Now, the earnings are distributed equally among all the team members.
Number of members in the team=15
So, the amount received by each member=Total earnings after cost/Number of members
=510.75/15
=$34.05
Therefore, the amount of money earned for each player if the money is divided equally among the 15 players is $34.05.